The answer to the first question is “it’s getting close.” The answer to the second question is “it will kill some.” Here’s an article from Slate. Note that Amazon is simultaneously giving up its fight against having to pay sales tax in places where it does not have a physical presence AND establishing a physical presence in order to provide same-day delivery. (LH)
In researching compartive economic development models the data seems to indicate that there is a race to the bottom, i.e. the states or country that gives away the most to projects that would have been developed anyway win. The problem with that thesis is it’s a bit simplistic as there are many examples of states in that it:
1. Fails to recongixe that we live in a global economy as well as a natinal ecoomy and companies and invtors have real chocies;
2. It’s most often put forth by northeastern states and California which have been the major losers in the economic growth fo rthe last ten years;
3. It assumes sound government polices do not matter in business location decisions when it’s one of the top three considerations in the decsion maker’s consideration;
4. If a state or nation has sound policies and government, is there a need for economic development giveaways at all?
Interesting look at how home prices are finally on the rise, and rental prices are climbing at an even steeper rate.
That’s the headline from a recent Inquirer article on proposed Penn development on the east side of the Schuylkill River. Perhaps a final paper topic?
A report I’ve been working on since last last year is finally done and published. The Cost of Cuts: The Impact of Reductions in Capital Investment to Public Housing Authorities is a look at the negative impacts that occur as a result of cuts in capital funding to public housing authorities. The link above will take you to a page where you can access the full report plus a press release.
PS Students, this is assigned reading so I will post to Blackboard shortly.
Back-of-the-envelope calculation yields $100B consumer surplus from fracking, vs. $250M cost of water contamination. 400-to-1 benefit to cost ratio! Worth exploring, both the math and the politics.
Pennsylvania taxpayers could save $365 million each year if it fixed the state’s flawed formula for funding cyber and charter schools, state Auditor General Jack Wagner said Wednesday.
Pennsylvania has 167 charters, including 80 in Philadelphia that enroll 46,000 students.
Wagner said the state’s charter schools spend an average of $13,411 per student, against a national average of $10,000.